Protein A Resins Market to reach USD 673.9 million by 2023

Monoclonal antibodies can be defined as an antibody produced by a single clone of cells; they antibodies can be produced in large quantities in the laboratory. They can be used to carry drugs, toxins, or radioactive substances straight to cancer cells. Monoclonal antibodies have been showing promising results in the management of chronic diseases such as cancers and rheumatoid arthritis.

Growing demand for biosimilars and increasing investments in the development of biosimilar products are the major factors driving the market for monoclonal antibodies. However increasing awareness about alternate methods to purify monoclonal antibodies is expected to hamper the Protein A Resins market. High cost of the Protein A resin is also a major factor hindering the growth of the market.

Protein A Resins Market Forecast Report (2018-2023)

Protein A Resins Market was worth USD 454.42 million in 2018 and estimated to be growing at a CAGR of 8.2%, to reach USD 673.9 million by 2023.

Protein A resin market is segmented by product type, application, matrix type and end user. On the basis if product the market is further sub-segmented into Natural Protein A Resin and Recombinant Protein A Resin. Recombinant Protein A segment is estimated to be the fastest growing within this segment. By application protein A resin market is segmented into Immunoprecipitation and Antibody Purification. In the application segment immune precipitation is estimated to be the fastest growing. Based on Matrix type Protein A Resin market is segmented into Glass or Silica, Agarose and Organic Polymer. Among the matrix type agarose accounts for the largest share and is estimated to continue its strong hold during the forecast period. By end user market is segmented into Biopharmaceutical Manufacturers, Clinical Research Laboratories and Academic Institutions

On the basis of geography, Protein A resin market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. North America is the largest market for Protein A resin accounting for a share of approximately 37% due to large number investments in the development of monoclonal antibodies followed by Europe. Asia Pacific region is estimated to be the fastest growing region with a Compound Annual Growth Rate of XX% owing to large number of untapped markets and growing awareness about the developments in the market.

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